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Nov 21, 2012
11/12
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CNBC
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>> the fiscal cliff? >> reporter: cliff. what is the fiscal cliff? >> i have no idea. >> reporter: so it's a bad thing? >> not necessarily. >> that's the budget. it ends january 1. am i right? and we're just all going to collapse. >> reporter: you're happy about it. >> fiscal cliff. it is broken down into i saw jim cramer's episode about it. >> somebody knew more on it. i did run into two chicago bears fans who didn't have much to say about fiscal cliff but plenty to say about the loss to the 49ers. >> americans have got to get with the program. >> i think a couple of those guys were -- >> maybe americans are smarter. maybe they are like it is not going to happen. i'm just trying to pay my bills. >> that's it. >> lalalalala. like that. have a great thanksgiving. see you next week. >> you, too. >>> you got to know when to hold them and fold them. we have the final word on stocks with 52-week highs. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with pos
>> the fiscal cliff? >> reporter: cliff. what is the fiscal cliff? >> i have no idea. >> reporter: so it's a bad thing? >> not necessarily. >> that's the budget. it ends january 1. am i right? and we're just all going to collapse. >> reporter: you're happy about it. >> fiscal cliff. it is broken down into i saw jim cramer's episode about it. >> somebody knew more on it. i did run into two chicago bears fans who didn't have much to say about...
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debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks and wall street wells fargo bank of america citi bank goldman sachs they generally pay zero federal corporate income taxes that's one side they pay nothing over a period of ten years they might pay one or two percent at most but the other thing is the turnover in other words they're buying and selling trading they're doing flash trading high frequency trading they're doing a million trades per second on one computer and they have many computers there's no sales tax on any of that the average person to buy a pair of shoes or some clothing or some electronics you're going to pay sales tax in america
debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks...
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cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so in the next two months or six months or twelve months is irrelevant that fiscal cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next said i max gold reserves stored securely so after decades of trying the buddhist bank actually has responded to all the queries from data from large scholl from max kaiser they actually give a list of where their gold is stored and they say that despite frankfurt has one thousand and thirty six tons or thirty one percent of germany's gold the federal reserve bank of new york has one thousand five hundred thirty six tons or forty five percent.
cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so in the next two months or six months or twelve months is irrelevant that fiscal cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next...
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Nov 9, 2012
11/12
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KRON
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. >> the fiscal cliff. the fiscal cliff. the fiscal cliff. the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel safety. medicare payments to doctors will drop by 27 percent. all americans rich and poor will see their taxes rise by up to 50%. the impact on the recovering the economy everyone agrees it will be like what happens to james bond in sky fog. kron 4 news. >> we will follow the latest developments on capitol hill as the approach the fiscal clip. san jose a quick live look traffic is fine. they have rain not too long ago it may still be falling. we will find out from erica. it is chilly 47 in san warning of only 256 this afternoon. 0ñ@Ñ we are back at 4:44 am. here'
. >> the fiscal cliff. the fiscal cliff. the fiscal cliff. the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel...
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Sep 16, 2012
09/12
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FBC
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>> i'm like the fiscal cliff's only supporter. the government has to stop, and balance the budget and the closest we are going to come to doing that with the current government that we have. we need to cut stuff and not that big, a few percent to medicare and i don't think one over 10% and they need. defense is not holy we need to cut that and we need tax increases because they're not going to cut enough. the payroll tax expires, that stinks. it's not a cliff, it's a speed bump and running the deficit next year anyway. >> brenda: jonas is it the not going to get elected to anything, but that's all right. he's talking some truth here, todd. the truth is that politicians, do they have the will to do this and maybe we should be be so scared of the debt and the deficit that we just fall over the cliff? >> listen, representative from maryland, chris van holland said in june if they didn't have the deal done before summer recess it wouldn't get done and clearly it's not. they're going to election recess and then the lame duck after the
>> i'm like the fiscal cliff's only supporter. the government has to stop, and balance the budget and the closest we are going to come to doing that with the current government that we have. we need to cut stuff and not that big, a few percent to medicare and i don't think one over 10% and they need. defense is not holy we need to cut that and we need tax increases because they're not going to cut enough. the payroll tax expires, that stinks. it's not a cliff, it's a speed bump and...
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Dec 20, 2012
12/12
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FOXNEWSW
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the real fiscal cliff is not what we are facing now, the real fiscal cliff is a $16 trillion debt with no plan to pay for it and an economy that isn't growing fast enough. we should be for pro-growth strategies, the only solution is the combination of fiscal discipline and real economic growth. what the president is proposing, what the president is proposing is neither. there is no fiscal aspect. what the president is proposing does nothing to cut back on the debt, short term or long term? we are borrowing, 46 cents of every dollar, trillion-dollar deficits as far as the eye can see. $16 trillion, $20 trillion and it will soon be $25 trillion. i once worked in a boat yard. if you put a luxury tax on boats, who gets hurt, the guys building the boat. i worked in construction, i worked in restaurants. you take away money from people who have it, they are going to hire fewer contractors and go on fewer vacations and spend less money in restaurants. who gets hurt? how did we turn interest a country that has such class envy? where did this all come from in. >> point and the point i tried to
the real fiscal cliff is not what we are facing now, the real fiscal cliff is a $16 trillion debt with no plan to pay for it and an economy that isn't growing fast enough. we should be for pro-growth strategies, the only solution is the combination of fiscal discipline and real economic growth. what the president is proposing, what the president is proposing is neither. there is no fiscal aspect. what the president is proposing does nothing to cut back on the debt, short term or long term? we...
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Dec 28, 2012
12/12
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FBC
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byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term treasury bond which for full disclosure i own from my clients. i am short using the et after the stock-market and the s&p and the dow and the russell. my client's head of ford folios and we have smaller stocks like family dollar stores. if the economy gets worse and full disclosure we do own family dollar, these kind of companies are going to do well when people have no money. shibani: great hedge plays, thanks very much. -pdennis: john brown coming up, the only real fix for washington gridlock is to limit legislators to 1-year terms. shibani: crisis averted on the east coast. massive looming por
byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term...
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Dec 27, 2012
12/12
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MSNBCW
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people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's
people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the...
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Nov 20, 2012
11/12
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FBC
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fiscal policy in order in order to avoid the fiscal cliff. we have not talked about this, raising the debt ceiling, pushing it again, and he warned that a default could be crisis for business opportunity and actions so with that, i guess we're ready to go out to peter listening to the federal reserve chairman as well in washington with a recap and what stuck out for him. hello, peter. >> hey, that's right. i thought the comments in the end in particular saying the potential for the economy to strengthen significantly exists out there if washington can get its act together and do something to fix the fiscal cliff because he said while the fed, of course, is standing by to provide help for the economy to help keep the economic recovery going, quote, "i don't think the fed has the tools to offset that" ie, the country going off the fiscal cliff, the economy going over the fiscal cliff, but he did say, repeated the fed is standing by continuing to do all it can to keep the economy going, even if the fiscal cliff occurred, but that there also will
fiscal policy in order in order to avoid the fiscal cliff. we have not talked about this, raising the debt ceiling, pushing it again, and he warned that a default could be crisis for business opportunity and actions so with that, i guess we're ready to go out to peter listening to the federal reserve chairman as well in washington with a recap and what stuck out for him. hello, peter. >> hey, that's right. i thought the comments in the end in particular saying the potential for the...
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Nov 19, 2012
11/12
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FBC
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it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do something about it. gerri: it is all concerned that the exports are down. we have china and trouble. europe is in trouble. the u.s. economy is sustaining the planet. >> two of the three major players, at least, the u.s. and europe are majorly concerned with expenditure and death. china doesn't have the same thing. but they are doing all kinds of crazy things in china as well. it is hard to see where any growth is going to come from and anybody will lead the world into a better economic situation. nobody is making the right decisi
it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do...
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is steadily approaching the fiscal cliff. do you know the fiscal cliff. do you think a lot of americans do you think most people are worried i think they are and i think that if i nor dildo buy nothing's really going to change because the economy think that he might think it'll change i just don't they're going to think about it. president asks if americans are prepared to say that's ahead. plus the russian city of sochi is gearing up to host the next winter olympics with preparations now in full swing and so coming up for you after a short break. would you choose do just what their name implies they get between people and drive them apart like a wage and these issues seem to always take the forefront in the media things like abortion gun rights marijuana legalization and the weather well the weather isn't really a west cost people sure talk about it way too much there's only so much room with the national discourse and the switch issues just eat up all of the time and attention but the thing is that there's a little something called the tenth amendment y
is steadily approaching the fiscal cliff. do you know the fiscal cliff. do you think a lot of americans do you think most people are worried i think they are and i think that if i nor dildo buy nothing's really going to change because the economy think that he might think it'll change i just don't they're going to think about it. president asks if americans are prepared to say that's ahead. plus the russian city of sochi is gearing up to host the next winter olympics with preparations now in...
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Nov 9, 2012
11/12
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KNTV
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so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700. on top of that, the payroll tax cut would expire. so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security, and federal pensions congress says that action would act as a break on the economy, throwing it back into recession and could cause a market crash. >> people watching very closely is can the administration actually tackle those fi
so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children...
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Aug 21, 2012
08/12
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CNBC
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we don't expect a fiscal cliff. we believe there will be legislation before the end of the year to cut this huge increase in taxes and cut spending. in that compromise, we may still be too severe. this is a still weak economy. you have to bring the deficit down slowly. like lowering a piano out of the fourth floor of a building. you have to do it slowly. we do it one rung at a time. you do it over five or six years, you can help this economy grow. i'm concerned they may come up with a compromise after the election results in a 3 percentage drop in gdp ratio, that's too severe. >> could push it into recession. >> right on the knife edge. >> are you looking for, in essence, cues to sell or looking for cues to buy? >> both, unfortunately. this uncertainty will still be with us after the election day. we have one party rule, this won't happen. but we could have a divider. if the president is reelected, and we have a divided house, we could have all the spending cuts -- >> could we lose 20 to 25%? >> i wouldn't bet that
we don't expect a fiscal cliff. we believe there will be legislation before the end of the year to cut this huge increase in taxes and cut spending. in that compromise, we may still be too severe. this is a still weak economy. you have to bring the deficit down slowly. like lowering a piano out of the fourth floor of a building. you have to do it slowly. we do it one rung at a time. you do it over five or six years, you can help this economy grow. i'm concerned they may come up with a...
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Nov 15, 2012
11/12
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CSPAN2
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eye 123
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what the fiscal cliff -- fiscal cliff will require some sort of action. it won't solve the problem, but the question is, how does it set up a potential solution. .. and remember, this is where none of you really understand how washington talks about tax. know was talking about a cut. they're talking about a reduced rate of growth. it's not the way you cut. where the republicans get attacked by people is to say oh, you want big cuts. all the one is a slower rate of increase. if it's done anyway that doesn't have disciplines or doesn't change the law, republicans will feel they have been taken to the cleaners again. i honestly think you can get a deal here, this comes back to trigger locks point. in american political system, there's interest in the senate, frankly i think jon boehner is serious, i think cantor, but it won't work as the president doesn't lead. the president has to kind of set the course in the system. you saw that in the '80s in any piece of legislation that i was part. now be the big question whether this president steps up and leads. >> w
what the fiscal cliff -- fiscal cliff will require some sort of action. it won't solve the problem, but the question is, how does it set up a potential solution. .. and remember, this is where none of you really understand how washington talks about tax. know was talking about a cut. they're talking about a reduced rate of growth. it's not the way you cut. where the republicans get attacked by people is to say oh, you want big cuts. all the one is a slower rate of increase. if it's done anyway...
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Nov 19, 2012
11/12
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CNBC
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economy plunges over the fiscal cliff. a new study from the global business travel association. >>> welcome back, everybody. these are your headlines from around the world today. stocks bouncing in europe, equity markets beginning the week in the green rallying by more than 1% in some places on hopes of a resolution on the fiscal cliff. barack obama praises myanmar's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip shouldn't be seen as an endorsement of the country's government. and oil furthers hitting a two week high as international pressure mounts for a cease-fire this gaza. ban ki-moon is heading to cairo for emergency negotiations. if you're just tuning in, thank you very much for joining us. always good to have your company. i have seen all of your tweets. thank you very much. you can still continue to reach us at la w@louisabojesen. just checking in on the markets ahead of the u.s. market open, we're seeing an indication that we are set to bounce acro
economy plunges over the fiscal cliff. a new study from the global business travel association. >>> welcome back, everybody. these are your headlines from around the world today. stocks bouncing in europe, equity markets beginning the week in the green rallying by more than 1% in some places on hopes of a resolution on the fiscal cliff. barack obama praises myanmar's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip...
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Oct 23, 2012
10/12
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CNBC
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we have obviously the fiscal cliff, the european cliff but today we have the monetary cliff. following the fed or dornt fight the fed, there is an assumption there the fed is an ongoing force of consistent behavior. as we all learned, the natural today's paper mirroring what traders are talk b that is if you are following the election and mitt romney seems to be doing better, that might not be doing better for mr. bernanke with regard to serving this term out and another term that starts in 2014. >> you were on street signs on october 9th and you were very bullish, calling for the s & p to be at 1600 by the end of the year. are you courageous enough to sometime stand behind that? >> mandy, absolutely. thanks for having me again. i do think that we are having a little bit of obviously of a pull back here and we have a lot of weighing going on in the market for a couple of different reasons. one of the big factors, we have investors buying a lot of protection lately. the vix bouncing 27% off of multiyear lows in the last week and a half. we have a lot of people sitting here and
we have obviously the fiscal cliff, the european cliff but today we have the monetary cliff. following the fed or dornt fight the fed, there is an assumption there the fed is an ongoing force of consistent behavior. as we all learned, the natural today's paper mirroring what traders are talk b that is if you are following the election and mitt romney seems to be doing better, that might not be doing better for mr. bernanke with regard to serving this term out and another term that starts in...
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do you want to start approaching the fiscal cliff. do you know the fiscal cliff. do you think a lot of americans do you think most people who were i think they are and i think that if i ignored it all go away but nothing's really going to change because the economy's like betty white or they're going to change are just not going to do a thing about it so the resident asked if americans are prepared to drive that's ahead. also this hour india declares full scale war on a deadly rotavirus disease which kills her because of thousands of children in the world each year promising a one dollar succeed against the baby. but now looking to unite its own hands a person now wants to take the edge of the arms embargo against syria london says it wants to help rebel groups more. treatments of military gear so forth reports not the final recipients may not be the ones the u.k. has in mind. well the u.k. foreign office has confirmed this week britain is going to be thinking an amendment to the arms embargo on syria making it easier to help the opponents the syrian president bas
do you want to start approaching the fiscal cliff. do you know the fiscal cliff. do you think a lot of americans do you think most people who were i think they are and i think that if i ignored it all go away but nothing's really going to change because the economy's like betty white or they're going to change are just not going to do a thing about it so the resident asked if americans are prepared to drive that's ahead. also this hour india declares full scale war on a deadly rotavirus disease...
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cliff how much of a cliff is that it is a hyperbolic metaphor to say the least it is not a fiscal cliff come january first two thousand and thirteen it's more like a fiscal you know step it's not going to all of a sudden caused a dramatic calamity what it will do is it will mean middle class working class families will see lower amounts of money in their paychecks because a couple of key provisions expire the two percent payroll tax cut as well as the bush era tax cuts which certainly mean a lot to middle class families but economy wide that's not going to do anything right away and chances are anything that does happen if congress doesn't act by january second will be made up later on they were. retroactively restore a lot of those tax cuts at least to the middle class so overall there is no cliff to worry about to the extent that we should be making policy decisions now because come january first the world is going to blow it's a policy decision that i'm sorry but congress you agreed upon this you passed it just drives me crazy that now suddenly there's all this conversation about how
cliff how much of a cliff is that it is a hyperbolic metaphor to say the least it is not a fiscal cliff come january first two thousand and thirteen it's more like a fiscal you know step it's not going to all of a sudden caused a dramatic calamity what it will do is it will mean middle class working class families will see lower amounts of money in their paychecks because a couple of key provisions expire the two percent payroll tax cut as well as the bush era tax cuts which certainly mean a...
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cliff if need be but is the entire idea of a fiscal cliff totally overblown and it turns out the while the new york that timothy geithner did try to address live or problems back in two thousand and eight but the documents show that his recommendations basically came straight from the banks so grab your pain pills and some water so every monday hangover. you're going to. be. joining me to discuss this tonight is christian dorsey director of external and governmental government affairs at the economic policy institute and joining us remotely is james pullos producer at huff post live and i want to thank you both for joining me tonight and before we get into it let me just start with this clip right that everyone keeps playing today which is this new ad that's been put out attacking mitt romney take a look. i'm barack obama and i approve this message oh beautiful for spacious all right. all are for. to. go. all right so the way that everyone else has chosen to look at this and then address it is the typical partisan finger pointing and what not but let's go back to what i was just talkin
cliff if need be but is the entire idea of a fiscal cliff totally overblown and it turns out the while the new york that timothy geithner did try to address live or problems back in two thousand and eight but the documents show that his recommendations basically came straight from the banks so grab your pain pills and some water so every monday hangover. you're going to. be. joining me to discuss this tonight is christian dorsey director of external and governmental government affairs at the...
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Dec 31, 2012
12/12
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FBC
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eye 138
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fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally presented but i'm curious, does the senate deal have the potential if it gets through the senate to pass the house? >> i think it is going to pass the house. as i understand the parameters of the deal, the house i think would get a majority vote, probably substantial majority. i think it will pass the senate. it might still happen not tonight but tomorrow. that would still be the current session of congress. we're not getting a bill to the president tonight just because of the logistics of drafting the bill, presenting it to the senate and bringing it to the house but i think we'll get it done tomorrow. so we
fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally presented but i'm curious, does the senate deal have...
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Dec 13, 2012
12/12
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CSPAN
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eye 160
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this current fiscal cliff has been coined by the press. this is not the real fiscal cliff. a total economic collapse of this nation if we do not stop spending. it does not not -- does not matter how they get the taxes. our current tax system, if we could tax people and spend more money than we bring in, then we are headed toward -- to a total collapse in the country. that is the real fiscal cliff. it is not going to happen january 1. it will happen sometime in the future. i do not see this administration really dealing with it. the policies of barack obama and his administration will really put us off the fiscal cliff. we are headed towards the depression. worse than the 1930's. spending will -- we have to stop the spending. let's stop taxing people. any higher than they have already been taxed. i would like to lower tax rates and lower taxes. get rid of corporate taxes, dividend taxes and capital gains taxes. let's have a policy that will really stimulate the economy and create millions of new jobs, bring de. we would create millions of new jobs. we would start raising up
this current fiscal cliff has been coined by the press. this is not the real fiscal cliff. a total economic collapse of this nation if we do not stop spending. it does not not -- does not matter how they get the taxes. our current tax system, if we could tax people and spend more money than we bring in, then we are headed toward -- to a total collapse in the country. that is the real fiscal cliff. it is not going to happen january 1. it will happen sometime in the future. i do not see this...
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Dec 28, 2012
12/12
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CNBC
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goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the firs
goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the...
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Dec 24, 2012
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our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that hou
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of...
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Nov 16, 2012
11/12
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>> i've been worried when people have talked about going off the fiscal cliff, right? it just doesn't make sense that we would be willing to do something that we know would put the country back into recession. and i know political negotiations are what they are, and everything's overly partisan in this town even when something so important as not only avoiding the cliff, but putting in place a big debt deal, but i also have seen incredible interest and openness to putting in place a deal both from president obama and leader boehner and a number of members of congress who are saying we can't put our head in the sand. we know that this has to be dealt with, and now is the moment to get started on it. so i'm worried when i hear people saying, well, if i don't get my way, i'll go off the cliff. and you hear that on both sides, frankly. but i'm also encouraged with the kinds of openings that you've heard from both sides about acknowledging what's true. we have to reform our tax code, and we have to raise more revenues, we have to reform our entitlement system in a way that
>> i've been worried when people have talked about going off the fiscal cliff, right? it just doesn't make sense that we would be willing to do something that we know would put the country back into recession. and i know political negotiations are what they are, and everything's overly partisan in this town even when something so important as not only avoiding the cliff, but putting in place a big debt deal, but i also have seen incredible interest and openness to putting in place a deal...
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secondly, nobody -- if you look at where the two parties are on the fiscal cliff, everybody agrees on about 90% of the tax impact. both parties want to extend all of the middle-class tax cuts. the battle is only over the high earner tax cuts as it relates to tax policy. so whatever the -- however it plays out, the middle-class tax cuts will be extended, and if i can come back for a minute and talk about one more of these factors i talked about in the piece -- if you look at what's occurring in energy, i think far too many people have stopped and taken a deep breath and looked at it. we're having -- and i think this is the right word -- a revolution in u.s. oil and gas production. it's a bit obscured by the debate which is a proper one about climate change. if you look at what's happening in natural gas production, this year we hit an all-time high. all-time high. it's going to have a big impact on gdp and jobs. let alone in terms of banking and other factors. >> what do you think, is the energy piece of this a game-changer? >> i think it's partly a game-changer. but you have to rememb
secondly, nobody -- if you look at where the two parties are on the fiscal cliff, everybody agrees on about 90% of the tax impact. both parties want to extend all of the middle-class tax cuts. the battle is only over the high earner tax cuts as it relates to tax policy. so whatever the -- however it plays out, the middle-class tax cuts will be extended, and if i can come back for a minute and talk about one more of these factors i talked about in the piece -- if you look at what's occurring in...
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Jul 29, 2012
07/12
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the fiscal cliff is crazy. on the other hand, it's not a free lunch just expanding, digging ditches. you need to have, you know, things that you're spending on that make sense. there's a lot of things congress could do but doesn't do. and that is simplifying the tax system would help a lot and making it fair at the same time. we could improve the infrastructure. we have this incredible bonanza from energy, from the gas revolution, that might make us an oil exporter for a little while. we could bring manufacturing back. but everything sort of frozen at the moment because the government is so paralyzed. >> but everything is frozen. all of the measures that ken talk about, broad agreement needs to be done. with all due respect, they're not abstract. these are problems that must be dealt with and the reason they're not is because we're always dealing with emergency situations. we're always dealing with the next fiscal cliff, the next need for quantitative easing. these are things that i have not opposed, but we alw
the fiscal cliff is crazy. on the other hand, it's not a free lunch just expanding, digging ditches. you need to have, you know, things that you're spending on that make sense. there's a lot of things congress could do but doesn't do. and that is simplifying the tax system would help a lot and making it fair at the same time. we could improve the infrastructure. we have this incredible bonanza from energy, from the gas revolution, that might make us an oil exporter for a little while. we could...
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Dec 30, 2012
12/12
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over the fiscal cliff. what will happen? and how will it affect you? ♪ ♪ >> we'll be working hard to try to see if we can get there in the next 24 hours and so, i'm hopeful and optimistic. >> whatever we come up with will be imperfect and some people will not like it and some people will like it less but that is where we are. >> chris: the two senate leaders, mitch mcconnell and harry reid on the last-ditch effort to put together a deal to avoid the fiscal cliff and it is time now for our sunday group, bill kristol of the weekly standard, former democratic senator evan byah and byron york from the washington examiner and kirsten powers of the daily beast web site. you heard mitch mcconnell say he's hopeful and optimistic. will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do
over the fiscal cliff. what will happen? and how will it affect you? ♪ ♪ >> we'll be working hard to try to see if we can get there in the next 24 hours and so, i'm hopeful and optimistic. >> whatever we come up with will be imperfect and some people will not like it and some people will like it less but that is where we are. >> chris: the two senate leaders, mitch mcconnell and harry reid on the last-ditch effort to put together a deal to avoid the...
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do you know the fiscal cliff. do you think a lot of americans do you think most people are worried i think they are and i think that if i ignore it all go away nothing's really going to change because the economy is like that you might. begin to think about it. so the president also if americans are prepared to dive that's later. plus india declares full scale or a deadly one it's a virus disease which kills hundreds of thousands of troops in the world each year promising a one dollar of a sin against the plane. looking to united. wants to take the edge off the bug again syria london says it wants to help rebel groups more aid and shipments of military gear so was first reports the final recipients may not be the ones the u.k. has in mind. well the u.k. foreign office has confirmed this week britain is going to be thinking an amendment to the arms embargo on syria making it easier to help the opponents the syrian president bashar al assad now a foreign office official has said that the practical support is likely
do you know the fiscal cliff. do you think a lot of americans do you think most people are worried i think they are and i think that if i ignore it all go away nothing's really going to change because the economy is like that you might. begin to think about it. so the president also if americans are prepared to dive that's later. plus india declares full scale or a deadly one it's a virus disease which kills hundreds of thousands of troops in the world each year promising a one dollar of a sin...
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Nov 26, 2012
11/12
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. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this town that's very divided people could come together to avoid it. what concerns me is the whole terrain we're on is an argument about whether or not to raise taxes on upper income earners. the argument ought to be is the president willing to put forward spending proposals and cuts that are serious enough to come to an agreement. the president is pushing a fallacy which i've watched some sundays bill kristol buy into on the panel that we can solve our problem. >> chris: that was a great line. >> but no, this notion that we can solve the problem by raising taxes on the upper income earners is ill-advised. >> chris: i'm going to mr. bill
. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this town that's very divided people could come together to avoid it. what concerns...
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Nov 10, 2012
11/12
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people have known about the fiscal cliff for a yearism the reason why it was both a fiscal cliff and obama is this -- let me make this point. the worst-case scenario came out with a narrow victory. republicans keeping the house and guess what isn't democrats picking up a couple of eats in the season, they are emboldened without this mandate. so the republicans may say, you don't have a mandate. democrats say, you don't have a mandate. you are at loggerheads, that's what the market said on wednesday. >> it was an election selloff. the one thing this the republicans have to get the message out, cutting government spending is good for the economy, it is not bad for the economy. >> exactly. >> if we can get some cut, that will drive up -- [overlapping dialogue] >> we have to -- we have to throald their feet to the fire. that's all we have time for this evening.
people have known about the fiscal cliff for a yearism the reason why it was both a fiscal cliff and obama is this -- let me make this point. the worst-case scenario came out with a narrow victory. republicans keeping the house and guess what isn't democrats picking up a couple of eats in the season, they are emboldened without this mandate. so the republicans may say, you don't have a mandate. democrats say, you don't have a mandate. you are at loggerheads, that's what the market said on...
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Sep 29, 2012
09/12
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or go say hey this guy won't talk about the fiscal cliff, i will cut a deal. i will cut a deal to so we don't go off the fiscal cliff so business can have some confidence that would be the sort of unusual thing i think would be a practical thing that would be believable. >> and so is that right? what romney needs to do is go in and talk about you know name four things. >> well, three, not four. >> three things. >> maybe two or three, no more than three. >> judy, he has to understand this, first of all. the first debate helps the challenger. because for the first time the challenger is stand on the same stage with the president. and the fact that he is not blown away or there is not an enormous gap between the two, the challenge, whoever the challenger is benefits from that. and he's got to stay within himself. he can't be somebody he isn't. the problem that mitt romney has in addition to being the terrible word of somehow being too rich, and not understanding ode people,s that he, that he doesn't seem authentic so i think he's got to be absolutely within himse
or go say hey this guy won't talk about the fiscal cliff, i will cut a deal. i will cut a deal to so we don't go off the fiscal cliff so business can have some confidence that would be the sort of unusual thing i think would be a practical thing that would be believable. >> and so is that right? what romney needs to do is go in and talk about you know name four things. >> well, three, not four. >> three things. >> maybe two or three, no more than three. >> judy, he...